Average car insurance cost in the United Kingdom (UK) 2018, by age

Average car insurance cost in the United Kingdom (UK) 2018, by age

Average car insurance cost in the United Kingdom (UK) in 2018, by age (in GBP)

In the United Kingdom (UK), younger drivers would on average pay more for their car insurance than older drivers in 2018. A driver who is around 25 years old would be charged roughly 1,036 British pounds whereas a driver in his 30s would be charged an average rate of 832 GBP. This higher premium stems from the idea that young drivers engage in more risky driving behavior, such as drink driving, and therefore pose a higher risk to insurance companies.
Most insurance owners are relatively older

How many young people have a car insurance in the UK? According to a large financial survey in 2017, six percent of all car insurance owners were aged between 18 and 24 years old. Most UK adults that have a motor insurance were around 50 years old.

Young drivers pay more, but also tend to have more coverage

Prices of different car insurance cover plans in the UK have decreased between 2017 and 2018. Third party, fire and theft plans overall had higher premiums than comprehensive plans. This, however, is because the basket of risks reflect the type of driver that busy such cover, which is typically young drivers.

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Average car insurance cost in the United Kingdom (UK) in 2018, by age (in GBP)

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In the United Kingdom (UK), younger drivers would on average pay more for their car insurance than older drivers in 2018. A driver who is around 25 years old would be charged roughly 1,036 British pounds whereas a driver in his 30s would be charged an average rate of 832 GBP. This higher premium stems from the idea that young drivers engage in more risky driving behavior, such as drink driving, and therefore pose a higher risk to insurance companies.
Most insurance owners are relatively older

How many young people have a car insurance in the UK? According to a large financial survey in 2017, six percent of all car insurance owners were aged between 18 and 24 years old. Most UK adults that have a motor insurance were around 50 years old.

Young drivers pay more, but also tend to have more coverage

Prices of different car insurance cover plans in the UK have decreased between 2017 and 2018. Third party, fire and theft plans overall had higher premiums than comprehensive plans. This, however, is because the basket of risks reflect the type of driver that busy such cover, which is typically young drivers.

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Release date

October 2018

Region

United Kingdom

Survey time period

2018

Special properties

Over a dozen popular UK car insurers

Supplementary notes

The source adds the following information: "The NimbleFins team gathered quotes from a selection of major insurers in the UK to see how driver age impacts the cost of comprehensive car insurance. The following rates assume 5 years' of driving experience and a 5-year No Claims Discount (NCD) for consistency. (A NCD can save a consumer up to around 50% on their car insurance premiums.)"

* Average Comprehensive Car Insurance Cost for Ford Fiesta.

Source

Show sources information

Show publisher information

Release date

October 2018

More information

Region

United Kingdom

Survey time period

2018

Special properties

Over a dozen popular UK car insurers

Supplementary notes

The source adds the following information: "The NimbleFins team gathered quotes from a selection of major insurers in the UK to see how driver age impacts the cost of comprehensive car insurance. The following rates assume 5 years' of driving experience and a 5-year No Claims Discount (NCD) for consistency. (A NCD can save a consumer up to around 50% on their car insurance premiums.)"

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